Silvery Dragon Prestressed MaterialsLTD Tianjin Balance Sheet Health
Financial Health criteria checks 4/6
Silvery Dragon Prestressed MaterialsLTD Tianjin has a total shareholder equity of CN¥2.4B and total debt of CN¥530.6M, which brings its debt-to-equity ratio to 22.5%. Its total assets and total liabilities are CN¥3.6B and CN¥1.2B respectively. Silvery Dragon Prestressed MaterialsLTD Tianjin's EBIT is CN¥235.3M making its interest coverage ratio 25.2. It has cash and short-term investments of CN¥281.9M.
Key information
22.5%
Debt to equity ratio
CN¥530.63m
Debt
| Interest coverage ratio | 25.2x |
| Cash | CN¥281.92m |
| Equity | CN¥2.36b |
| Total liabilities | CN¥1.24b |
| Total assets | CN¥3.61b |
Recent financial health updates
No updates
Recent updates
There's No Escaping Silvery Dragon Prestressed Materials Co.,LTD Tianjin's (SHSE:603969) Muted Earnings
Jun 06
Silvery Dragon Prestressed MaterialsLTD Tianjin's (SHSE:603969) Solid Profits Have Weak Fundamentals
Apr 23Silvery Dragon Prestressed MaterialsLTD Tianjin (SHSE:603969) Is Reinvesting At Lower Rates Of Return
Mar 04Earnings Not Telling The Story For Silvery Dragon Prestressed Materials Co.,LTD Tianjin (SHSE:603969) After Shares Rise 25%
Mar 04Financial Position Analysis
Short Term Liabilities: 603969's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 603969's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥90.6M).
Debt to Equity History and Analysis
Debt Level: 603969's net debt to equity ratio (10.5%) is considered satisfactory.
Reducing Debt: 603969's debt to equity ratio has increased from 18.2% to 22.5% over the past 5 years.
Debt Coverage: 603969's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603969's interest payments on its debt are well covered by EBIT (25.2x coverage).